Act
ACHAIN COULD JUMP 100%Reason Why you should buy Achain (ACT)
ACT makes Channels down chart pattert. if it's break out today / tomorrow we will see huge jump from ACT.
Make sure you filled your bag from now and all in ACT !!!
Bitcoin Action TimeSince the beginning of March, Bitcoin has formed a descending triangle pattern, where each new wave down becomes smaller and takes longer.
Lets have a closer look;
FIRST WAVE: Lasted 30 Days ≈ 45% Lost
SECOND WAVE: Lasted 50 Days ≈ 40% Lost
THIRD WAVE: Still ongoing - foretasted length is 70 Days ≈ 30% Lost
The forecasted length has been calculated with the Fibonacci Time Zone indicator, applied through the high and low of the past two waves down. Cycle 3 and 8 indicate on the timeframe between the 2nd and 7th of October, which could be the end of the current cycle.
If that is the case, some strong price action to be expected in the beginning of October 2018. Of course the outcome is not clear, and that is why it is important to watch the Bitcoin price during that period of time. Break above the 200 Moving Average could be an indication of the trend reversal, but break below the key support at $6k might result in a further decline towards $5-4k area.
Riple: XRPUSD Class emerges like cream risesXRPUSD Bitfinex Trading Ripple
One Alt stands out amid the little bloodbath we see across all
others, pretty much. And it's Ripple. Just cruising, man. The
dog that didn't bark if you know your Sherlock Holmes. This
gives us an almighty clue. No damn sellers. Even whilst
others crumble, holders here stand firm. So any buying from
here will create a squeeze on already unavailable 'stock' . So
if you want to be long, this is still the one. Look to buy on any dips.
Different Feeds
Bitfinex feed is way more whippy than Kraken. Look how
smooth Kraken was at the the spike low on Bitfinex here
(left). We would havegot whipped out of any longs sensibly
hung out at 0.6369 on Bitfinex - but although we'd have
paid a higher price at Kraken (at 6776 at least) the lack of
whipsaw would have held the trade and we'd still be long even
now, compared to losing money by getting stopped out by the
whipsaw on Bitfinex (and then seeing the bet go right 15
minutes later, the worst kind of loss for any trader to
stomach, been there, got at least 100 T shirts too).
Then, on the second decline after the spike on this chart, see
how far back Ripple comes here comapred to
Kraken...Bitfinex comes right back down to the
low/entry point again, whereas on kraken it's smoother again,
and the next low is a lot higher here. So if we want to go
fishing at low values and can handle spikes lower then the
best place to hang out the buy order is Bitfinex,
with cheeky bids at double bottoms - they may get struck and
they may not. But you'll never know without trying it at those
points of maximum pressure across crypto markets.
ACT potential swing Nice gap on the daily and hourly. Double bottom on the daily. EMA"s are bullish.
Hanging Man for ACTACT testing previous resistance, and this time it is coming on hardly any volume in relation to its daily average. The most recent decline had noticeable volume to go with it, and there seems to be nothing behind the ascent to keep price pushing any higher from here. With hanging man patterns - I look for a sell stop 1 penny below the low of the day and go for a straight 1 to 1 Risk/Reward given the high success rate but also realizing this is a counter trend trade. Stop loss 1 penny above the high of the day.
